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Thomson to acquire AFX from Agence France-Presse

Published on June 15, 2006.

Toronto—Thomson Financial, a division of electronic b-to-b publisher Thomson Corp., on Wednesday said that is has signed a definitive agreement to buy AFX News from Agence France-Presse. Financial terms were not disclosed, but the price was reportedly pegged at just under $20 million.

London-based AFX is a real-time European news service that provides business, financial and economic news. Donal Smith, president, Europe and Asia, Thomson Financial, said in a news release: “The acquisition of AFX is consistent with our global news strategy to deliver tailored, market-specific information to clients in the business and financial communities. It builds on the success of Thomson Financial News in North America, which is already delivered to over 10,000 desktops.”